LLP: An LLP is taxed as a partnership organization. The income of an LLP is taxed for 30% on profits, plus applicable surcharge and cess. There are no dividend distribution taxes (DDT) in LLPs, which ...
Mostly MSME adopt Partnership Firm model of business as compared to corporate or Proprietorship Model. But Firms are taxed at 30% tax rate from the income starting from Rs. 1 as compared to 20% tax ...
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